Romney cites business background

DUBUQUE, Iowa — Delivering the weekly Republican radio address, Mitt Romney cited his business successes as a key reason for voters to support him.

“During my 25 years in business, I helped people turn their dreams into success stories,” the GOP nominee said in a recording released Saturday just as he prepared to take off for a flight from Portsmouth, N.H., to Dubuque, Iowa.

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“Together, we built names like Staples, Bright Horizons, and the Sports Authority – and helped create over 100,000 jobs.”

Romney did not use the word “Bain,” which Democrats have spent tens of millions attacking him over, but the emphasis on his business background comes as he tries to convince voters in the final weekend of the campaign that he is the candidate who can get things done.

“Whether in public office or at a private business, I didn’t ask people what party they belonged to—I asked them what ideas they brought to the table,” he added.

In the radio address – typically delivered by a Republican senator, congressman or governor – Romney presented Tuesday’s vote as a referendum on the incumbent, or whether voters “want real change or more of the same.” He cited the Friday announcement that the unemployment rate ticked up to 7.9 percent last month.

“When you step into the voting booth, I’d ask you to think about the last four years,” he said. “Four years ago, candidate Obama promised to do so very much, but he has fallen so very short. After all of the petty partisanship, all of the standoffs and stalemates, 23 million Americans are still struggling for work.”

He finished by promising a new direction.

“On Tuesday, the choice is yours,” he said. “Our destiny is in your hands.”

Romney's business background, indeed. Some of what Romney/Bain did can be called capitalism, but quite a few of their deals were pure asset-stripping and head-cutting done primarily to enrich the VC investors. This is nothing new. I worked with a Big 8 firm throughout the eighties when LBO's and "turnarounds" were all the rage and I saw this kind of thing routinely. Sometimes, when local management was involved, there was an effort to take care of employees, but far too frequently there was little concern for the loyal workers who were whacked to pay the high costs of leverage. These deals had more to do with gaining ownership by leveraging assets than turning companies around. Romney's business background is more on a par with "Chainsaw" Al Dunlap than that of any real American entrepreneur.

chalons wrote: It's called 'turning around failing businesses'. In other words, saving them from going out of business in which case everybody loses their jobs."..........................................Sometimes it is, chalons, but frequently it's not. All too often, it's taking profitable businesses and using the assets to leverage a buyout/takeover which weakens the company's financial position while the VC investors line their pockets. I saw this over and over again with solid companies and Bain frequently played the same game................... Texas Gov. Rick Perry saw it for it what is was............“… Mitt Romney and Bain Capital were involved with what I call vulture capitalism.” — Texas Gov. Rick Perry, Jan. 10, 2012........................

BAIN VULTURES ON! In 2012, Bain Capital, the company and corporate culture Mitt Rmoney created in 1984, is alive and well, and STILL at work outsourcing jobs! Bain is known as and has even bragged about being the one-stop shop for outsourcing requirements. And as an investor, Romney STILL makes big money from Bane capitalism!

This year 170 jobs at Bain-owned Sensata Technologies of Freeport Illinois will be outsourced to China, so Bain can achieve even bigger profits (Sensata has record profits now!) and more efficient vulture capitalism! The October 19th "ED SHOW" live in Freeport with most of the fired workers proved just how evil Bain is!

Sensata Technologies employees and the Freeport city government and mayor are making a plea to Republican presidential nominee Mitt Romney to intervene and save these American jobs! DON’T HOLD YOUR BREATH!

Romney – Ampad – Bain investors make killing slaughtering workers ......................... http://www.youtube.com/watch?v... ......................................................“With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.”.......................

Romney is touting his business experience. Whether or not his efforts at businesses helped or hurt America is an open question, but I have another.

When, in the modern era, has a great businessman ever been a great president? I can't think of any offhand. For you Republicans, Reagan wasn't. Eisenhower wasn't. Nixon wasn't. For the Democrats, Clinon wasn't. Kennedy wasn't. Roosevelt wasn't. President and businessman require two entirely different skill sets.

It's like thinking a great shortstop is going to be a great quarterback. In California we learned the hard way that a good actor could be a lousy governor.

Romney – GST Steel – Bain investors roll in the dough while workers end up in the streets ..................... http://www.youtube.com/watch?f... .....................“Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt. When the company eventually declared bankruptcy, workers not only lost their jobs but were denied their full pensions and health insurance, and the government was forced to step in and provide a bailout.”.......................................

Obama wants to nationalize every company he can get his hands on. But he doesn't have the experience to run any company. Romney on the other hand wants to get the Federal Government off the backs of businesses so they can hire people and make profits. He puts a lot of trust in businesses doing the right thing, which they probably won't. I wish it was the other way around. Obama would be a great if he decided to leave business alone and do nothing. He is a great do nothing president. If Romney had decided to run Solyndra it would have been a glowing success. Obama is an idealist. He wants to help; he has great ideas but he is not a pragmatist. Romney wants to shrink the federal government, turning more responsibility back to the states. He knows how to fix things that are broken, balance a budget, work with the opposition, make compromises, ignore the things that are unimportant or can't be fixed, and focus his attention on the more important things that can be fixed.

Why in heaves name does Politico continuously give Bill Maher a voice to spew his ultra liberal stream of hatred? What has he ever done that gives him any credentials whatsoever? Uber liberals like Maher, Moore, and so may others of their ilk, would be happy to scrape the US Constitution, abandon states rights, have a one party system, and follow a Marist-Lening centralized government.

The last three businessmen who occupied the White House all left in disgrace due to their inability to manage the economy. Bush I, Bush II, and Carter (if you consider a farmer a businessman) all came into office under economic expansion, and all left in a recession (Bush II), or were voted out because of a recession (Bush I and Carter). Businessmen don't have a track record of success with our economy.

America Rising Once upon a time, in a great nation, after a bitter struggle an equilibrium was reached between capital and labor; decent wages and benefits for the workers and bigger profits for the owners. Because people had more money to spend, the economy roared. Everybody benefited. Lately, some very greedy people seem to have forgotten how it works. They’ve decided to ship those jobs and factories (that took many decades to create) overseas, bringing this great nation to it’s knees. The end result being when people here are out of work, they won’t be buying imported products. Leaving those overseas workers jobless as well. A few with billions and the world idle and in misery. It’s insane to have the strongest military in the world when homegrown traitors are doing to this great nation, what a foreign occupier does to a conquered nation; shipping it’s wealth, factories, and machinery overseas. Leaving the nation and its people devastated. Most of our congress and senate are millionaires and/or lawyers, bought and paid for by the same folks that are shipping our jobs and factories overseas. We need a government that looks like us; truck-drivers, waitresses, factory-workers, teachers, farmers; people who can balance a budget and love this country and it’s people. The first legislation we desperately need is to cut back gradually on imports while rebuilding our manufacturing base. Until we produce enough products here that ensure that every hard working American has a job at a living wage, that needs one. Then maybe a special tax 1950’s style 95% or so on any individual or corporation who shipped jobs or factories overseas. The proceeds going to pay down the national debt. Look around you. Everything you see was built with our, and our ancestor’s blood and sweat. We can’t let these con men destroy our country. Let’s Roll! -Midnightride12 TIME IS SHORT. PLEASE COPY AND SPREAD

Here's why we need another businessman like W. in the White House so that the 1% will start that trickle down job creation thing that Romney promises:

“”"”"”"”"”While the last Democratic president, Bill Clinton, is on the campaign trail speaking at rallies on behalf of Barack Obama, the last Republican president, George W. Bush, has been missing in action totally this election. He surfaced Friday , however, in the Cayman Islands where he is delivering the keynote address at a private “investment” conference.

The press is locked out. A spokesman for the Cayman Alternative Investment Summit says the speech is totally closed to all journalists. Spokesman Dan Kneipp says he is not even permitted to discuss the subject of Bush’s speech scheduled for Thursday evening at the Ritz-Carlton. Attendees are paying $4,000 each to get advice at this “investment” seminar. Sponsors include KPMG, a company that provides tax advisory services, and Deutsche Bank.

What is the conference about? It is about the benefits of using the Cayman Islands to shelter income in order to avoid paying U.S. taxes. How did George Bush become an expert on the subject? Perhaps Mitt Romney gave him some tips.”"”"”"”"”"”"”"”"”"”"”"”

If Romney were the type of "businessman" that actually builds a business from the ground up, or even purchases a business to run himself, I could see the selling point. But he's more of a bottom feeder/ vulture capitalist arbitrage guy, not a build-it-from-scratch businessman.